Property photos
Freehold
£349,950
3 bed end terrace house for sale
Albany Street, Douglas, Isle Of Man IM23 beds
3 baths
3 receptions
Key Information
Tenure:
Freehold
Council tax band:
Rates instead
Local area information
Property location
Nearby amenities
Features and description
- Freehold
- Excellent Investment Opportunity
- Initial Yield Until March 2026 is 4.11%
- Post March 2026 Yield Potential Approx. 7.14% plus garage income
- 3 One Bedroom Apartments
- 2 Single Garages
- Cash Buyers Only
- No Onward Chain
Attention investors - Excellent investment opportunity for a cash buyer to acquire a traditional central Douglas property comprising of 3 separate one bedroomed apartments set over 3 levels with the further benefit of 2 single garages not yet on the rental market. The property is let to a headline tenant and contracted until March 2026 with a yield of 4.1% to the current owner. Combined rents paid to the headline tenant from the sub-tenants currently yield 7.14%
Summary
Attention investors - Excellent investment opportunity for a cash buyer to acquire a traditional central Douglas property comprising of 3 separate one bedroomed apartments set over 3 levels with the further benefit of 2 single garages not yet on the rental market. The property is let to a headline tenant and contracted until March 2026 with a yield of 4.1% to the current owner. Combined rents paid to the headline tenant from the sub-tenants currently yield 7.14%
Features
Excellent Investment Opportunity
Initial Yield Until March 2026 is 4.11%
Post March 2026 Yield Potential Approx. 7.14% plus garage income
3 One Bedroom Apartments
2 Single Garages
Cash Buyers Only
No Onward Chain
Details
Excellent investment opportunity for a cash buyer to acquire a traditional central Douglas property comprising of 3 separate one bedroomed apartments set over 3 levels with the further benefit of 2 single garages.
The property is let by the current owners as a whole to a headline tenant at £1200 pcm. This arrangement is a 3 year contract which is valid until March 2026. This is a gross yield of 4.11%
The headline tenant achieves rent from the 3 sub-tenants as follows -
Ground Floor Apartment – 1 Bed Room. Rent £695 pcm
First Floor Apartment – 1 Bedroom. Rent £695 pcm
Attic Apartment – 1 Bedroom. Rent £695 pcm
This provides a current gross yield to the headline tenant of 7.14% until March 2026 at which point the arrangement with the headline tenant can be renewed, or the owner can rent direct to each individual tenant to achieve the higher yield figure.
Directions
From the tt Grandstand travel south through the first set of traffic lights at St Ninians Cross. Continue through the next lights at the foot of Bray Hill. Take the 1st left into Brunswick Road. Continue for 300 metres. Turn left onto Albany Road then take the first right onto Albany Street. Number 17 is on the corner on the right side and is marked by our ‘Buy Me’ board.
Further Information
To make further enquiries, to make an appointment to view or to submit an offer to purchase this property, contact Bruce Cobburn on or call .
Summary
Attention investors - Excellent investment opportunity for a cash buyer to acquire a traditional central Douglas property comprising of 3 separate one bedroomed apartments set over 3 levels with the further benefit of 2 single garages not yet on the rental market. The property is let to a headline tenant and contracted until March 2026 with a yield of 4.1% to the current owner. Combined rents paid to the headline tenant from the sub-tenants currently yield 7.14%
Features
Excellent Investment Opportunity
Initial Yield Until March 2026 is 4.11%
Post March 2026 Yield Potential Approx. 7.14% plus garage income
3 One Bedroom Apartments
2 Single Garages
Cash Buyers Only
No Onward Chain
Details
Excellent investment opportunity for a cash buyer to acquire a traditional central Douglas property comprising of 3 separate one bedroomed apartments set over 3 levels with the further benefit of 2 single garages.
The property is let by the current owners as a whole to a headline tenant at £1200 pcm. This arrangement is a 3 year contract which is valid until March 2026. This is a gross yield of 4.11%
The headline tenant achieves rent from the 3 sub-tenants as follows -
Ground Floor Apartment – 1 Bed Room. Rent £695 pcm
First Floor Apartment – 1 Bedroom. Rent £695 pcm
Attic Apartment – 1 Bedroom. Rent £695 pcm
This provides a current gross yield to the headline tenant of 7.14% until March 2026 at which point the arrangement with the headline tenant can be renewed, or the owner can rent direct to each individual tenant to achieve the higher yield figure.
Directions
From the tt Grandstand travel south through the first set of traffic lights at St Ninians Cross. Continue through the next lights at the foot of Bray Hill. Take the 1st left into Brunswick Road. Continue for 300 metres. Turn left onto Albany Road then take the first right onto Albany Street. Number 17 is on the corner on the right side and is marked by our ‘Buy Me’ board.
Further Information
To make further enquiries, to make an appointment to view or to submit an offer to purchase this property, contact Bruce Cobburn on or call .
Floor plans and tours
Floor plans
No floor plan available
Tours
No virtual tour available
More information
Listed by
Plum Properties
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